During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
USD/CHF: short at higher levels
2019-11-11 • Updated
Trade idea
SELL 0.9880; TP 0.9800; SL 0.9900
USD/CHF formed a “hammer” candlestick on D1 yesterday. It means that it may hold at the support in the 0.9820 area for some time and try to test levels around 0.9870/90. However, the overall trend is bearish as can be seen from the daily moving averages that have a negative set up. As a result, the recovery to this area will likely meet resistance (July 2 high, MA on H4), so we’ll look for the opportunity to enter a short position with the initial target at 0.9800.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone